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Jersey Mike's Subs
Jersey Mike’s Subs is a submarine sandwich restaurant chain that prepares subs made to order, slicing meats and cheeses as needed, with an emphasis on Italian meats, but also American meats and cheeses. Customers never leave Jersey Mike’s unsatisfied. More about the cost of owning a Jersey Mike’s Subs franchise is below.
Facts & figures
Jersey Mike’s is an exciting business opportunity, offering a simple, effective franchise restaurant model using only the freshest, highest quality ingredients prepared right in front of customers and served with energy and enthusiasm. The Jersey Mike’s business model features high unit volume and a strong bottom line with delicious, quality menu items that create passionate, loyal customers. The restaurant operation is clean and easy to manage, requiring minimal equipment and a small staff. Jersey Mike’s offers a robust training program requiring 8-10 weeks of classroom training and in-store experience.
Jersey Mike’s Subs Franchise Opportunities – History
Jersey Mike’s Subs started as Mike’s Subs in 1956 in Point Pleasant, New Jersey. In 1972, a high school kid named Peter Cancro took a job there and loved the authentic submarine sandwiches. When Peter was a senior, Mike’s owner (the third one) decided to sell the store, and Peter Cancro, at 17, jumped at the opportunity, buying the sub shop with partial help from his football coach. He opened a couple more Mike’s Subs, expanding on the idea that continues today of staff interacting in a friendly way with customers. In 1987, Cancro began franchising and changed the company name to Jersey Mike’s Subs. Peter Cancro continues as CEO of Jersey Mike’s Franchise Systems Inc., today, overseeing more than 600 locations open and under development.
What Does A Jersey Mike’s Subs Franchise Cost?
Subs Franchise Income
The franchise fee for a Jersey Mike’s Subs shop is $18,500. The total investment to operate Jersey Mike’s Subs ranges from $215,843 to $398,063.
Jersey Mike’s Subs Franchise Business Opportunities: Other Information
Since he took over Jersey Mike’s Subs, Peter Cancro has instilled a culture of giving to the community, and his passion for corporate-wide philanthropy has resulted in an annual Month of Giving, Wreaths Across America, Mike’s Way to a Cure, and many more fundraising and charitable endeavors.
